We try to have all of our leases end in March-June so it is easier to lease the property in the spring/summer.

I manage properties remotely and can handle all the leasing/management pretty easily with my team.

Once they sign the lease and pay the deposit I credit them back the cost of the background checks off their first month’s rent.

If this were my property, I’d run a detailed rental analysis (from what I’ve read in Forbes) to see if the short term route could outpace traditional leasing.

Show the bank the first couple of transfers into your account and if the those transfers are expected to continue for at lease the next 3 years, the bank can use that $5000 as monthly income which can help you qualify for a loan to buy the yacht of your dreams.

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

You would need to notify them in writing that you will not be expending their lease and they will not be transitioning to a month-to-month lease. 

I just got a message from the new tenant that moved in in November,  that her and boyfriend are now breaking up and she wants out of the lease.

And, know this:  The #1 reason that Landlords fail is their failure to manage to the lease (source: American Apartment Owner's Assn).  

So, all parties over 18 need to sign the lease.If they are going to sign the lease, why wouldn't you screen them?